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Corporate Management and Sustainable Development: Case of the Fashion Industry

In: Finance, Economics, and Industry for Sustainable Development

Author

Listed:
  • Sergey Yu. Solodovnikov

    (Belarusian National Technical University)

  • Tatsiana V. Serhiyevich

    (Belarusian National Technical University)

  • Vitaly A. Mordovets

    (Saint-Petersburg University of Management Technologies and Economics)

  • Tatiana N. Kosheleva

    (Saint-Petersburg University of Management Technologies and Economics
    Saint-Petersburg State University of Civil Aviation named in honor of Air Chief Marshal A.A. Novikov)

Abstract

The development of a consumer society and the intensification of consumption of goods due to sign consumption makes it difficult to move towards sustainable development. The fashion industry is a major environmental polluter. However, corporate interests in the fashion industry hinder the transformation of the industry towards sustainable development. This paper continues our exploration of the fashion industry in the context of sustainable development. The object of our study is harmonization of interests of corporate management in the fashion industry and the society of sustainable development. The objective of this study is to show the conflicting interests of corporate management in the fashion industry and society of sustainable development and find solutions to overcome it. The methodology of the authors is based on a political and economic approach, according to which socio-economic phenomena and processes are viewed through the prism of the economic interests of the actors involved. Research works of international scientists-economists, data of the research reports carried out by the authors were used to prepare this paper. We showed the sign essence of current exchange, the relationship of the social mobility and level on the goods consumption. We researched the impact of the fashion industry on the environmental and showed the place of the state in the reducing of the conflict of interest between corporate management and society of sustainable development. We also showed the significance and limitations of the conclusions as well as the prospects for further research.

Suggested Citation

  • Sergey Yu. Solodovnikov & Tatsiana V. Serhiyevich & Vitaly A. Mordovets & Tatiana N. Kosheleva, 2023. "Corporate Management and Sustainable Development: Case of the Fashion Industry," Springer Proceedings in Business and Economics, in: Anna Rumyantseva & Hod Anyigba & Elena Sintsova & Natalia Vasilenko (ed.), Finance, Economics, and Industry for Sustainable Development, pages 17-24, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-30498-9_3
    DOI: 10.1007/978-3-031-30498-9_3
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